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Economy

Senegal Faces Growing Financial Crisis as Debt Levels Skyrocket Beyond Projections.

May 19, 2026 at 12:16 PM

Recent audits in Senegal have revealed a staggering increase in public debt, now estimated at over 132% of GDP, far surpassing previous official figures. The discovery of opaque financial practices and the need for urgent IMF negotiations mark a critical turning point for the nation's economic stability.

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Senegal Faces Growing Financial Crisis as Debt Levels Skyrocket Beyond Projections
Image Credit : imf-fmi.africa-newsroom.com
Economy
Thai Corporate Borrowing Surges to Mitigate Geopolitical Risks
Image Source : businesstimes.com.sg

Thai Corporate Borrowing Surges to Mitigate Geopolitical Risks.

May 19, 2026 at 9:57 AM
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United States
Two Decades of Debt: A Mother's Journey to Financial Freedom After Grad School
Image Source : degreecalc.com

Two Decades of Debt: A Mother's Journey to Financial Freedom After Grad School.

May 19, 2026 at 4:11 AM
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Economy
Navigating Global Headwinds: Experts Outline Strategies for Sri Lanka’s Economic Resilience
Image Source : ft.lk

Navigating Global Headwinds: Experts Outline Strategies for Sri Lanka’s Economic Resilience.

May 18, 2026 at 2:10 AM
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Argentina Faces Financial Strain as Household Loan Defaults Hit 15-Year Peak
Image Source : thefintechtimes.com
Finance•
May 14, 2026 at 1:10 PM

Argentina Faces Financial Strain as Household Loan Defaults Hit 15-Year Peak.

Argentina is grappling with a significant surge in household debt defaults, which have reached an 11.5% record high, putting pressure on both traditional banks and the burgeoning fintech sector under President Javier Milei's economic reforms.

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Economy

UK Debt Market Remains Under Pressure Amid Political Uncertainty.

May 11, 2026 at 6:42 PM

Investors are maintaining a cautious stance on UK government bonds due to concerns over Prime Minister Keir Starmer's political stability and potential shifts in fiscal policy.

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UK Debt Market Remains Under Pressure Amid Political Uncertainty
Image Credit : theguardian.com
Local News

Geopolitical Strategy and Economic Hurdles: A Review of Sri Lanka’s Debt Recovery.

This article explores the intricate balance of Sri Lanka's foreign policy amidst regional shifts and global economic instability, highlighting the urgent need for structural economic transformation to manage looming debt repayment obligations.

May 7, 2026 at 12:10 AM
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Economy
Navigating Turbulence: How Global Central Banks Are Managing the New Energy Price Surge
Image Source : ecmarkets.com

Navigating Turbulence: How Global Central Banks Are Managing the New Energy Price Surge.

May 2, 2026 at 10:12 PM
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Local News
Uncovering the $2.5 Million Finance Ministry Heist and Subsequent Institutional Crisis
Image Source : buzzer.lk

Uncovering the $2.5 Million Finance Ministry Heist and Subsequent Institutional Crisis.

May 2, 2026 at 7:51 PM
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Escalating War and Economic Collapse: Inside Iran’s Deepening Financial Crisis
Image Source : businessinsider.com
Middle East•
May 2, 2026 at 5:12 PM

Escalating War and Economic Collapse: Inside Iran’s Deepening Financial Crisis.

Iran is grappling with a severe economic downturn characterized by hyperinflation, a record-low currency, and mass unemployment as the ongoing conflict with the US and Israel cripples national infrastructure.

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Economy

Fitch Ratings Highlights Growing Concerns Over US Debt Levels Compared to Peers.

April 30, 2026 at 7:31 PM

Fitch Ratings has expressed concerns that the United States is carrying a significantly higher debt burden compared to other nations with an 'AA' credit rating, driven by an expanding fiscal deficit.

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Economy

UK Corporate Sector Facing Escalating Financial Instability Amid Economic Pressures.

New data reveals a 36.9% spike in UK firms facing 'critical financial distress,' driven by rising operational costs, geopolitical tensions, and weakened consumer spending.

April 29, 2026 at 6:13 AM
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Business
Major Retail Shakeup: Iconic Brands Navigate Bankruptcy Amid 2026 Economic Pressures
Image Source : retaildive.com

Major Retail Shakeup: Iconic Brands Navigate Bankruptcy Amid 2026 Economic Pressures.

April 27, 2026 at 6:22 PM
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Economy

Sri Lankan Savers Face Financial Squeeze Amid Declining Interest Rates.

As Sri Lanka's lending rates decline due to improved banking liquidity, fixed-income earners and retirees face reduced interest income, creating a widening economic divide.

April 27, 2026 at 1:30 AM
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US Education Officials Signal End to Broad Student Loan Forgiveness, Prioritize Repayment Systems
Image Source : b17news.com
Education•
April 23, 2026 at 6:16 PM

US Education Officials Signal End to Broad Student Loan Forgiveness, Prioritize Repayment Systems.

The U.S. Department of Education has clarified that broad student loan forgiveness programs are off the table, with officials focusing instead on restructuring repayment systems and transitioning millions of accounts to the Treasury Department.

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International Relations

Scholar Challenges Western 'Debt Trap' Narrative Surrounding China's Belt and Road Initiative.

April 23, 2026 at 11:00 AM

Iraqi-Swedish scholar Hussein Askary disputes Western allegations that the Belt and Road Initiative (BRI) traps developing nations in debt, arguing that Western financial institutions are the true source of debt crises.

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Scholar Challenges Western 'Debt Trap' Narrative Surrounding China's Belt and Road Initiative
Image Credit : lse.ac.uk
Economy

Bangladesh Banking Crisis: DCCI Highlights Paradox of Excess Liquidity and Credit Drought.

The Dhaka Chamber of Commerce & Industry (DCCI) has warned that despite banks holding record excess liquidity, the private sector, particularly SMEs, is struggling to access credit. Experts call for urgent structural reforms and improved data accuracy to resolve this economic bottleneck.

April 21, 2026 at 9:07 AM
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Economy

Escalating Economic Crisis in Asia Following Iranian Conflict Disruptions.

The conflict in Iran has triggered severe economic disruptions across the Asia-Pacific region, causing supply chain bottlenecks, surging inflation, and the threat of widespread recession.

April 20, 2026 at 10:42 PM
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Finance
Citigroup: Reduced UK Gilt Issuance Could Buffer Political Market Volatility
Image Source : wellsfargoadvisors.com

Citigroup: Reduced UK Gilt Issuance Could Buffer Political Market Volatility.

April 20, 2026 at 10:36 AM
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Fitch Ratings Warns of Significantly Heightened Risks in Global Credit Landscape
Image Source : fitchratings.com
Economy•
April 20, 2026 at 6:12 AM

Fitch Ratings Warns of Significantly Heightened Risks in Global Credit Landscape.

Fitch Ratings reports that the global credit environment faces mounting risks, driven by geopolitical conflicts, supply chain shocks, and persistent inflationary pressures, despite stable economic growth forecasts.

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